Advanced Microeconomic Analysis II

Guest Instructor: 
Tianchi Li
Time I: 
Monday,
12:00pm to 04:00pm
Time II: 
Thursday,
12:00pm to 02:00pm
Venue I: 
HU Berlin, Spandauer Str. 1, Room 203
Venue II: 
HU Berlin, Spandauer Str. 1, Room 203
Description: 

Information on how to attend the online course will be available on Moodle.

The intention of the course is to familiarize students with the standard tool of modern economic theory and to train them in applying these tools to actual economic problems. It is particularly devoted to market failures and welfare economics. The first part (Part III in MWG) outlines properties of competetive markets and welfare analysis in a partial equilibrium context. It then focuses on the three classical contidions under which market outcomes lead to an inefficient allocation of resources: externalities, imperfect competition and asymmetric information. The second part (Part V in MWG) addresses fundamental issues of welfare economics from the perspective of a policy maker who desingns and implements collective decisions. It focuses in particular on social choice theory, the foundations of bargaining and welfare economics, and mechanism design. The course addresses these issue both from a positive and normative perspective.

Literature:
Mas-Colell, Whinston, and Green (1995), Microeconomic Theory (MWG), Part III and Part V

Venue:
HU Berlin, Spandauer Str. 1, Room 203 with the following exceptions:
22.06.: ESMT, Room ‚Schloss Gracht‘ (Ground floor)
29.06.: ESMT, Room 0.35 in the Admin Building (use entrance Breite Str. 1)
02.07.: ESMT, Room ‘Garden View’ (First floor)
06.07.: ESMT, Room ‚Schloss Gracht‘ (Ground floor)

Exam:
written exam (90 min)

Credits: 
9.00
Semester: 
Spring 2020
Affiliation: 
ESMT Berlin
Freie Universität Berlin
Humboldt-Universität zu Berlin